Which Finding Have Economists Who Study Labour Markets Discovered

question 117

Multiple Choice

Which finding have economists who study labour markets discovered

• A)Chance is difficult to measure, but only about five percent of wage differences are related to chance.
• B)Ability is not difficult to measure, but it is largely insignificant in explaining wage differences.
• C)Work effort is difficult to measure, but it is not likely to contribute much to an explanation of wage differences.
• D)Ability, effort, and chance are all likely to be significant contributors to wage differences.

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life.

Financing Activity

Activities that result in changes in the size and composition of the equity capital or borrowings of the entity.

Operating Activity

Transactions and events that are directly involved in the primary operations of a business, such as sales and service revenue, and associated costs.

Change In Cash

The difference in a company's cash balance over a specified period, resulting from its operating, investing, and financing activities.